Sell Jeera NOV @ 59400 SL 59800 TGT 58800-58400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 58480-59780.
Jeera dropped on profit booking after prices gained due to shrinking supplies
Increased festive demand and limited availability of quality crops in the market is prompting miller to buy
However, sluggish export demand is still a major concern for Indian traders
In Unjha, a major spot market, the price ended at 59273.1 Rupees dropped by -0.44 percent.
SELL JEERA NOV @ 59400 SL 59800 TGT 58800-58400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6838-7162.
Dhaniya prices dropped amid huge stocks with farmers and stockists
However, downside seen limited amid increased festive buying along with robust export demand.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In Gondal, a major spot market, the price ended at 7080.3 Rupees dropped by -0.22 percent.
Turmeric
Observations
Turmeric trading range for the day is 14232-15728.
Turmeric dropped on profit booking after prices rose due to expected October weather yield losses
According to IMD, October is projected to be drier than average, which will have an impact on crop growth.
Support is also evident for improved export opportunities.
In Nizamabad, a major spot market, the price ended at 13911 Rupees dropped by -1.05 percent.
SELL TURMERIC DEC @ 15000 SL 15400 TGT 14500-14200. NCDEX
